$234.50 Million in Sales Expected for Spartan Motors Inc (SPAR) This Quarter
Wall Street analysts expect that Spartan Motors Inc (NASDAQ:SPAR) will announce sales of $234.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Spartan Motors’ earnings, with the lowest sales estimate coming in at $229.00 million and the highest estimate coming in at $240.00 million. Spartan Motors reported sales of $189.22 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.9%. The company is expected to issue its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Spartan Motors will report full year sales of $804.45 million for the current fiscal year, with estimates ranging from $799.40 million to $809.50 million. For the next year, analysts anticipate that the company will post sales of $899.55 million per share, with estimates ranging from $890.00 million to $909.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Spartan Motors.
Spartan Motors (NASDAQ:SPAR) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $183.98 million during the quarter, compared to analysts’ expectations of $190.85 million. Spartan Motors had a return on equity of 10.84% and a net margin of 3.28%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share.
SPAR traded down $0.10 during midday trading on Tuesday, reaching $15.15. The company had a trading volume of 134,700 shares, compared to its average volume of 237,562. The company has a quick ratio of 1.28, a current ratio of 1.78 and a debt-to-equity ratio of 0.10. The stock has a market cap of $534.91 million, a price-to-earnings ratio of 35.70 and a beta of 0.56. Spartan Motors has a 1 year low of $10.00 and a 1 year high of $19.45.
In related news, insider Stephen K. Guillaume sold 4,144 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $15.23, for a total transaction of $63,113.12. Following the completion of the sale, the insider now owns 63,429 shares in the company, valued at $966,023.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.22% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SPAR. Mackay Shields LLC purchased a new stake in shares of Spartan Motors during the first quarter worth about $737,000. Trexquant Investment LP purchased a new position in Spartan Motors during the 1st quarter valued at approximately $473,000. State Board of Administration of Florida Retirement System purchased a new position in Spartan Motors during the 1st quarter valued at approximately $234,000. GW&K Investment Management LLC grew its holdings in Spartan Motors by 56.5% during the 1st quarter. GW&K Investment Management LLC now owns 470,460 shares of the company’s stock valued at $8,092,000 after buying an additional 169,839 shares in the last quarter. Finally, KBC Group NV grew its holdings in Spartan Motors by 105.0% during the 1st quarter. KBC Group NV now owns 56,293 shares of the company’s stock valued at $968,000 after buying an additional 28,835 shares in the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.
Spartan Motors Company Profile
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.
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